The Goldman Sachs Group, Inc. $GS Shares Purchased by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,702 shares of the investment management company’s stock after buying an additional 523 shares during the period. The Goldman Sachs Group comprises 0.7% of Evernest Financial Advisors LLC’s investment portfolio, making the stock its 26th largest position. Evernest Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dagco Inc. acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $25,000. Manning & Napier Advisors LLC lifted its position in The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Cornerstone Financial Management LLC acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $33,000. Finally, Entrust Financial LLC acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 2.6%

GS opened at $1,062.44 on Friday. The stock has a market capitalization of $313.43 billion, a PE ratio of 19.42, a P/E/G ratio of 1.38 and a beta of 1.30. The firm’s fifty day moving average price is $957.30 and its 200 day moving average price is $909.86. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a 12-month low of $609.59 and a 12-month high of $1,098.36.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.92 by $1.63. The firm had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $14.12 earnings per share. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 59.08 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 14,292 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the sale, the insider owned 15,657 shares in the company, valued at $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 33,681 shares of company stock valued at $31,737,875. Insiders own 0.55% of the company’s stock.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

Analyst Ratings Changes

GS has been the topic of a number of recent research reports. Rothschild & Co Redburn lifted their price target on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. HSBC boosted their target price on shares of The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Dbs Bank boosted their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Finally, BMO Capital Markets boosted their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $941.82.

Read Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.